|FE Founder Thomas Smale speaking at SaaStock APAC
When should you start planning your exit strategy? How can you build a network of potential acquirers? In this session, Cameron Priest, Ex-CEO (Exited) at TradeGecko, and Thomas Smale, Founder at FE International will share best practices to get your company ready for a future exit. Join Thomas, Cameron, and tons of other speakers at SaaStock APAC 2020, on November 23-24th. Use coupon code: SMALE-20 for 20% off admission.
Previously, Apple would take a 30 percent cut of everything sold in the App Store and in-app purchases. This percentage caused an uproar in the past, with the highly-publicized fallout between Apple and Fortnite’s creator Epic as a prime example. Now, Apple has decided to take a smaller percentage of commission from smaller companies to alleviate economic stresses. According to The Independent, Apple will now take 15 percent commission from developers that make less than $1 million per year. Apple stated that this decision comes, “at an important time as small and independent developers continue working to innovate and thrive during a period of unprecedented global economic challenge.” Full details of developer eligibility will be released in early December.
YouTube channel owners can now find out where their viewer traffic is coming from via YouTube Analytics. In the analytics tab in YouTube studio, channel owners can now find a section titled ‘how viewers found this video’ in the Overview area. This viewer traffic report lists the traffic source, the percentage of views per source, and the total number of viewers per source. In addition to this new report, YouTube Analytics will also offer indicators next to each traffic source to let channel owners know they perform on a historical basis. This update is available in the YouTube Studio as of Wednesday.
On Tuesday, Amazon announced new pharmacy options to aid customers in the purchasing of their prescriptions. In a press release, the e-commerce giant revealed Amazon Pharmacy, a new store on Amazon, that will allow customers to complete full pharmacy transactions. Customers will be able to use insurance information to fill out a pharmacy profile and purchase their prescriptions. Prime members will receive two-day deliveries on prescriptions as well as a discount on medications when paying without insurance. Amazon Pharmacy has been excluded from Amazon’s affiliate program, though.
“We designed Amazon Pharmacy to put customers first – bringing Amazon’s customer obsession to an industry that can be inconvenient and confusing,” said TJ Parker, Vice President, Amazon Pharmacy. “We work hard behind the scenes to handle complications seamlessly so anyone who needs a prescription can understand their options, place their order for the lowest available price, and have their medication delivered quickly.”
Modeling after Snapchat, Facebook, and Instagram stories, Twitter launches “Fleets.” In essence, Fleets are tweets that vanish after just 24 hours. Fleets cannot be retweeted or collect favorites, but users can respond to Fleets. These responses appear as direct messages to the original poster and are not shared publicly. Fleets are a “lower pressure” way to communicate “fleeting thoughts” as opposed to permanent tweets, Twitter executives Joshua Harris, design director, and Sam Haveson, product manager, said in a blog post.
|New Business For Sale
For sale is a market-leading content business in the Amazon FireStick and VPN niche. Since its inception in 2017, the business has established itself as a leading provider of independent and informative guides and articles within this niche. Generating an impressive $2.3MM in gross revenue with high net margins of 88%, the business presents a unique acquisition opportunity for a new owner looking to acquire a well-established website in a growing niche.
Some key highlights:
Request a prospectus from the link above to learn more.
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- Market-leading position in the outdoor hobbies and equipment niche
- Strong traffic statistics with over 5.7M page views and 4.9M visitors over the LTM
- Impressive revenue growth of c.68% YoY in the LTM
- Over 300 well researched and in-depth articles
Yearly net profit: $541,000
Asking price: $1,480,000
- Firm foothold in the Amazon Research Software niche
- Exceptional c.22.5% CQGR for MRR between Q1 2017 and Q3 2020
- Rapidly increasing customer base of c.12,200 paying customers
- High net margins of c.75%
Yearly net profit: $1,016,000
Asking price: $3,354,000
Until next week!
The FE International Team